The Real Deal

01/10/2025

After a dearth of deliveries in 2024, New York City is projected to add a record number of units in 2025. But more supply won’t do much to head off surging rent growth.

New York City rent growth accelerated in December for the third straight month, and could keep rising into 2025

01/10/2025

Keep up with breaking news on California fires with TRD's latest coverage:

Caruso, Cardone blast Bass, Democrats as LA fires turn political
https://bit.ly/3Pt94wH

Agents mobilize as fires burn through LA neighborhoods
https://bit.ly/3DQMlbj

Commercial properties exposed to LA wildfires worth at least $2.6B
https://bit.ly/3Pvj48E

Will LA’s firestorms imperil the home insurance market?
https://bit.ly/3Pvj3S8

Mutual aid replaces dealmaking as LA resi responds to firestorm
https://bit.ly/3W9QaPa

Airbnb offers free rooms, hotels give discounts to LA wildfire evacuees
https://bit.ly/4adE7Gc

Homes, commercial buildings burn in Palisades, Malibu, Pasadena foothills
https://bit.ly/3PyEEJn

Disaster zone: The insurance industry crisis and real estate
https://bit.ly/3PwgAa0

Real estate tycoons Rick Caruso, Grant Cardone and Robert Rivani claim corruption and mismanagement is behind SoCal inferno.

01/10/2025

Colliers International Group is being sued by investors who claim the brokerage and its affiliates sold unregistered securities, leading to millions in losses.

A group of investors is suing Colliers and other Utah agents concerning a string of medical properties in Texas.

01/10/2025

The California fires are just the latest emergency for the insurance industry, which has been coping with increasing losses from natural disasters in recent years. 2024 saw the steepest global losses from natural catastrophes since the calamitous year of 2017, according to insurance giant Munich Re. Insured losses have been rising proportionally. Just over one week into 2025, the real estate industry is warning that catastrophes like California fires add particular urgency to rising costs and declining availability.

"Insurance is to property like oxygen is to blood," Erik Engquist writes in the latest edition of The Real World. "Whatever their position on climate change is, property owners face rising costs and declining availability of insurance. When insurers’ risks increase, they raise premiums — or worse, stop writing policies."

Mounting losses and the growing threat of climate change spell urgency in what was once known as real estate’s boring corner

01/09/2025

Put your brand in front of real estate’s best in 2025! Deadline to advertise in the industry’s most trusted resource is fast approaching.

Contact [email protected] to advertise.
Learn more here: https://bit.ly/4fPelt1

01/09/2025

Elon Musk’s final frontier may be Mars, but he’s colonizing Texas first. Join us for a tour of the richest man on earth’s Lone Star state real estate portfolio.

Access "Elon Musk's bite of Texas" from our latest magazine here:
https://bit.ly/4h7tQh8

01/09/2025

Multiple fires tore through Southern California this week, burning some of the region's priciest homes and businesses. A compilation of TRD reader-submitted footage and news coverage shows the scope of the devastation.

For photo credit, please email [email protected]

01/08/2025

What does Tilman Fertitta think about the branded condo boom? The billionaire Landrys owner sounds off on whether his hospitality empire will follow brands like Major Food Group and Dolce & Gabbana into the space.

Watch more with Fertitta and Amir Korangy from inside the Houston B/S/H/ Showroom: https://bit.ly/4fY3jSw

Thank you to our friends at Bosch Thermador Gaggenau for powering this evening

01/08/2025

After the Manhattan D.A.'s office implicated him in former HFZ Capital exec Nir Meir's multi-million dollar fraud scheme, John Mingione is on a mission to clear his name. The former CEO of construction management firm Omnibuild claims in a new filing that he did the opposite of helping HFZ and Meir — and instead alerted lenders of HFZ's misdoings.

"The only thing I didn’t do is take Nir Meir and hang him out the window like Suge Knight did," Mingione said, referring to a tale about the former CEO of Death Row Records and Vanilla Ice.

District Attorney Alvin Bragg’s office told TRD's Keith Larsen it would respond in court papers.

Catch up on the full story here: https://bit.ly/4gMfumj

01/08/2025

Nathan Berman has found his next NYC office conversion project — possibly the first of its type under the .

Nathan Berman’s Metro Loft Management and Idan Ofer’s Quantum Pacific are converting the office building at 767 Third Avenue to residential.

01/08/2025

Dubai-based Damac Properties, the developer of the Surfside collapse site, plans to pump at least $20 billion into data centers across the U.S.

Surfside collapse site developer Damac Properties plans $20 billion investment in U.S. data centers.

01/08/2025

The Department of Justice will soon add six major multifamily landlords as defendants in its civil antitrust lawsuit against RealPage, which the DOJ alleges played a major role in facilitating rent-fixing.

The Department of Justice is expected to add six major residential landlords to its price-fixing allegations in a lawsuit against RealPage.

01/08/2025

The promise of Soloviev Group’s plan for Midtown East is enormous. Over a thousand new apartments, a hotel, retail, restaurants, a democracy museum, nearly five acres of green space – and, yes, a casino – come together in an ambitious plan for Manhattan’s last major empty parcel.

When it happens, the Midtown East development could be legacy-defining for CEO Michael Hershman. It will also be the first chance for the Soloviev Group – rebranded after Stefan Soloviev inherited it from his father Sheldon Solow in 2020 – to put a new stamp on the New York skyline.

Join TRD and Soloviev Group CEO Michael Hershman on January 30th at TRD's NYC headquarters for an exclusive conversation about this unique opportunity and the tightrope of 2025 development in NYC.

Inquire about attending here: https://bit.ly/4gXSkte

01/08/2025

Fires stoked by gusts of up to 99 miles per hour tore across Southern California, torching multimillion-dollar homes, businesses, medical centers and cultural icons from Los Angeles beaches to the foothills of Pasadena.

Worst wildfires in 14 years burn whipped by 99 MPH winds

01/08/2025

From Timothée Chalamet on Mitchell-Lama to Tilman Fertitta talking Texas dealmaking, here are the most colorful, insightful and incendiary quotes we couldn't stop thinking about this month.

Read the new issue here: https://bit.ly/4agMSiU

01/07/2025

A company owned by Rockstar Energy billionaire Russell Weiner is suing the project manager he hired to manage construction of his Miami Beach estate, alleging that he was defrauded out of at least $20 million.

✍️: Katherine Kallergis

Rockstar Energy billionaire Russell Weiner is suing the construction project manager of his waterfront Miami Beach estate, alleging a $20 million fraud.

01/07/2025

The British billionaire Reuben Brothers are at succession-planning age, as the family firm's self-described "black sheep" David Reuben Jr. leads the charge at Los Angeles’ Century Plaza $2.5B redevelopment.

The British billionaire Reuben Brothers are at succession-planning age, and the next generation seeks success in the U.S.